Wednesday Soundstage '03 Live in Chicago
Nothing much to fear
Stocks are dropping far down somewhat foolish
There's "still" some work to be done
Just a margin call
Not so silent banking of our pensions
Call it tankin' on a Wednesday
Cash is dropped from year to year
With secrets Ben's been keeping
Seems he's got a central banking plan
Seems we are spiraling
For very different reasons
But one day there's no more cash to lend
Is tapped the wallet
I left on the nightstand
I start the day
In the usual way
Then think, well why not
And stop at a Starbucks
Then begin to recall
I just can't pay
Market found the floor?
Pure prosperity? Perhaps illusion?
I agree with this in part
Something has harmed us
I can't put my finger on
This overleveraged crisis on a Wednesday
So cash drops from year to year
With secrets Ben's been keeping
Seems he's got a central banking plan
So they often tell us to cheer up
We suspect they're underwater
Because there's still no more cash to lend
Is tapped the wallet
I left on the nightstand
I start the day
In the usual way
Then think, well why not
And stop at a Starbucks
Then begin to recall
I just can't pay
Who bought with courage?
And bust they lost again
Fed starts humming, "When doves cry"
Can someone help us?
I think that we've lost here
Lost in a place called Cramerica
Preliminary 2025 Housing Forecasts
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Today, in the CalculatedRisk Real Estate Newsletter: Preliminary 2025
Housing Forecasts
Excerpt:
Towards the end of each year, I collect some housing for...
2 hours ago
2 comments:
Stag,
Millions for defense, not one cent for tribute - Thomas Jefferson
I saw the darndest, most unbelievable CNBC advertisement today (on CNBC of course). It said something along the lines of: Jim Cramer, one of the most brilliant minds on wall street. His ideas are worth billions
It was worth a billion laughs for me. Likely billions of losses for others.
MAB,
That CNBC commercial is amazing, isn't it? No mention of the Winners of the New World. The advice to load up on tech exclusively was certainly worth billions to someone back in 2000.
Based on the sheer size of the dollar amounts these days, it seems we need an update to the old economics joke.
How do you become a trillionaire in today's markets? It's simple!! Just start with a quadrillion dollars and invest it in what once worked!
US debt clock runs out of digits
http://news.bbc.co.uk/2/hi/business/7660409.stm
The clock's owners say two more zeros will be added, allowing the clock to record a quadrillion dollars of debt.
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